DnB NORD Banka
Bank DnB NORD and ERGO agree to cooperate

DnB NORD Banka / 

07.12.2009 

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Copenhagen, Dusseldorf. Bank DnB NORD and ERGO have signed a long-term
cooperation agreement that will see ERGO life insurance products exclusively
being sold together with DnB NORD Banking products across all of Bank DnB
NORD's markets. 

In the coming months, it will become possible to purchase ERGO life insurance
products through Bank DnB NORD's sales network in the Baltic States and Poland. 

'This agreement covering all our countries of operation is a perfect fit with
our intentions to strengthen our identity as a Banking Group, so we are pleased
that in the future it will be possible for us to offer ERGO life insurance
products to customers across all of our countries,' said Thomas Bürkle, Bank
DnB NORD Group CEO. 

He continues: 'DnB NORD is always ready to provide products demanded by our
customers, and in this regard this cooperation agreement will be a significant
benefit to our customers'. 

ERGO products through DnB NORD in Latvia and Lithuania
The first products will be available through Bank DnB NORD's network in Latvia
and Lithuania, where DnB NORD is among the top banks and ERGO is one of the
leading insurance market players. 

'Bancassurance channel continues to be one of key sales channels for insurance
products in Central and Eastern Europe,' explained Dr. Jochen Messemer, member
of the ERGO Board of Management in charge of international business. 'That is
why our partnership with Bank DnB NORD is of prime importance to us.' 

About Bank DnB NORD
Bank DnB NORD is a joint venture between Norwegian DnB NOR and German NORD/LB
Norddeutsche Landesbank, which started operations in January 2006. The bank,
with subsidiaries and branches in Estonia, Latvia, Lithuania and Poland,
profits from the two parent banks' expertise and strengths. With over 3,100
employees, 169 offices, more than 900,000 customers and assets totalling  EUR
11.1 billion, DnB NORD is a significant player in North-Eastern Europe. 

About ERGO
With premium income amounting to EUR 17.7 billion, ERGO is one of the major
insurance groups in Europe. Worldwide, ERGO is represented in over 30
countries, focussing on the regions of Europe and Asia. In Europe, ERGO is No.
1 in the health and legal expenses insurance segments. 40 million customers
currently place their trust in the services, expertise and financial strength
provided by ERGO and its companies. ERGO's companies in the Baltic States and
ERGO Hestia in Poland are among the market leaders offering life and non-life
insurance products. 

News Source: NASDAQ OMX



07.12.2009  Financial News distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de

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Company:      DnB NORD Banka
              
               
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